Interest-only mortgage
Mortgage where the repayments are solely the interest due and where the capital borrowed is paid off in full at the end (maturity) of the mortgage.
« Back to Glossary Indexby Mike Rawson ·
Mortgage where the repayments are solely the interest due and where the capital borrowed is paid off in full at the end (maturity) of the mortgage.
« Back to Glossary Index
by Mike Rawson · Published October 21, 2015 · Last modified April 10, 2018
by Mike Rawson · Published October 19, 2020
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Try to save something while your salary is small; it’s impossible to save after you begin to earn more.